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$1,200,000
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Property Description
This HIGHLY desirable lake front (almost 310 feet waterfrontage) property is not just a 'lot', it is 11.12 acres of pure scenic beauty! If you are tired of the hustle in city life, Compass Lake (approx 700 acres) is the perfect location. Just a little over 30 miles (south) to Panama City and just a little over 40 miles (north) to Dothan Alabama. This property has a brand new 36x28 pavilion with concrete slab and a brand new Trex dock, which is resistant to rot, warping and splintering. Compass Lake is known for being a spring-fed lake that's popular for water sports, and for being surrounded by a 10,000-acre master-planned community. Compass Lake is a great place for water sports like water skiing, wakeboarding, fishing, swimming, kayaking, canoeing, and paddleboarding. The area around Compass Lake is known for its natural beauty, including cypress trees, wildlife, and underwater caves. The Compass Lake in the Hills community offers many amenities, including: A private outdoor pool A starlight terrace Tennis and handball courts A boat ramp and dock A disc golf course A driving range A clubhouse facility for rent at McCormick Lake Olle's restaurant Re-model the existing home or build your dream home!! If you area an investor please note that 4-5 acres is conservation. If property were to be divided you can put 2 homes per acre with the remaining 6+- acreage. If units share well only it can be 3 units per acre and if well and septic are shared it can be 4 units per acre. Please check with Jackson County Planning and Zoning for any updates. Must show pre-approval of proof of funds.All measurements are more or less.
Full Property Details
Full Property Details for 207 Compass Lake Dr
General
- Price: $1,200,000
- Status: Active
- Type: Single Family
- Source: Bay_County
- MLS ID: 766857
- Updated: 12/2/2025
- Added to Site: 375 day(s) ago
Interior
- Number of Rooms: 4
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Location
- County: Jackson
- Subdivision: Compass Lake In The Hills
- Driving Directions: From Hwy 231 and Interstate 10 travel south on Hwy 231 for 13 miles. Turn left on Lakepoint Rd and travel .3 miles and turn right on Compass Lake Dr. Property is .2 miles on the left.
School Information
- Elementary School: Cottondale
- Middle School: Cottondale
- High School: Cottondale
Community
- Community Name: 09 - Jackson County
Structural Information
- Architectural Style: Other
- Sq. Ft. Source: Appraiser
- Year Built: 1952
Lot Features
- Lot Size (Acres): 11.12
- Lot Size (Sq. Ft.): 484,561
- Lot Size: 11.12
- Lot Dimensions: Irregular
- Lot Features: Paved
Water Features
- Water Front: Yes
- Water Front Desc.: Lake, Lake Front
- Water Front View: Lake, Lake Front
- Lake Front: Yes
Disclosures and Reports
- Legal Description: LOT 5 IN NW1/4 OF SW1/4 IN CRAWFORD SURVEY...OR 01 P 791 OR 867 P 155 OR 1331 P 668 OR 1807 P 421
- Property ID: 07-2N-11-0100-0000-0050
Listed by Maphis Realty Group
Get Pre-Approved Today
Schools
Schools serving 207 Compass Lake Dr
School District:Jackson County School District, Marianna, FL
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 207 Compass Lake Dr
Date
Details
Price
Change
Source
8/18/2025
Price Reduced
$1,200,000
-14.29%
MLS
1/05/2025
Listed
$1,400,000
60%
MLS
9/27/2023
Sold
$875,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 207 Compass Lake Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,481
-1%
$411,042
-1%
2024
$5,528
361%
$413,562
203%
2023
$1,198
5%
$136,296
3%
2022
$1,136
—
$132,326
3%
2021
$1,134
—
$128,472
3%
2021
$1,134
-1%
$125,272
2%
2019
$1,145
3%
$122,456
2%
2018
$1,113
3%
$120,173
2%
2017
$1,081
6%
$117,701
2%
2016
$1,024
-2%
$115,280
1%
2015
$1,044
-1%
$114,479
1%
2014
$1,050
4%
$113,570
1%
2013
$1,008
—
$111,892
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 207 Compass Lake Dr
207 Compass Lake Drive, Alford, FL 32420 (MLS# 766857) is a Single Family property with 3 bedrooms and 2 full bathrooms. 207 Compass Lake Drive is currently listed for $1,200,000 and was received on January 06, 2025. Want to learn more about 207 Compass Lake Drive? Do you have questions about finding other Single Family real estate for sale in Alford? You can browse all Alford real estate or contact a Coldwell Banker agent to request more information.

